Thieler Law Corp advises investors with losses exceeding $100,000 of the January 4, 2019 lead plaintiff deadline in a class action lawsuit filed against Apogee Enterprises Inc (NASDAQ: APOG) (“Apogee” or “the Company”). The suit is pending in the U.S. District Court for the District of Minnesota and investors, who purchased Apogee Enterprises Inc securities between June 28, 2018 and September 17, 2018, have until January 4, 2019 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Apogee Enterprises Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Apogee lacked the required labor force in place to ramp-up its production; Apogee was unable to hire, train and retain new employees; Apogee’s productivity and margins would be negatively impacted; and as a result, defendants’ statements about Apogee’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.

On September 18, 2018, the Company issued disappointing financial results, citing increased labor costs, lower productivity, and higher cost of quality. In a release Apogee's CEO was quoted stating: “challenges ramping-up production in Architectural Glass in a tight labor market impacted overall results in the quarter.” Then during a conference call, CEO Joseph F. Puishys stated that “At the root of the issues was the challenge of hiring and training qualified new employees in an extremely tight labor market…  Should we have been better prepared for these challenges? The simple answer is, yes.”

Following this news, NASDAQ: APOG fell over 13% to close at $41.76 per share on September 19, 2018.

If you were negatively impacted by your investment in Apogee Enterprises Inc securities between June 28, 2018 and September 17, 2018 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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